UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Public Utility Holding Act of 1935
File No. 70-7218; 70-8037
Report Date: April 1, 2000 to June 30, 2000
In the Matter of:
Central and South West Corporation
CSW Credit, Inc.
1. CSW Credit, Inc. (Credit) hereby files a balance sheet as of June
30, 2000, statements of income for the three and twelve month periods ended June
30, 2000, and 1999, and notes to the financial statements as Exhibit 1 attached
hereto.
2. Credit hereby states that pursuant to the exemption set forth in
Rule 52 of the Public Utility Holding Company Act of 1935, it will no longer
provide information duplicative of the information contained in Form U-6B-2.
Credit will submit Form U-6B-2 quarterly in accordance with the requirements of
Rule 52(c). Such information will no longer be included with this report.
3. Credit hereby files as Exhibit 2 attached hereto the earnings
coverage for Credit's indebtedness for the period from April 1, 2000 through
June 30, 2000 and Credit's capital structure at June 30, 2000. Credit hereby
files as Exhibit 3 attached hereto the twelve month average of outstanding
accounts receivable, twelve month average of accounts receivable purchases from
non-affiliated companies, and bad debt write-offs related to non-affiliated
companies during said period as of the end of each month.
4. With respect to affiliated companies, Central Power and Light
Company (CPL), Columbus Southern Power Company (CSP), Indiana Michigan Power
Company (I&M), Kentucky Power Company (KP), Ohio Power Company (OPC), Public
Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCO),
and West Texas Utilities Company (WTU), Credit hereby certifies that the allowed
returns on common equity for the period from April 1, 2000 through June 30, 2000
were unchanged in all regulatory jurisdictions from the previous certificate of
notification. Credit also hereby files the discount calculation for affiliated
companies, an analysis of the allowed returns on common equity and the factoring
expense savings for affiliated companies as shown in Exhibits 4, 5 and 6,
respectively, attached hereto.
5. With respect to Reliant Energy HL&P, formerly known as Houston
Lighting & Power Company, Credit had a twelve month average of outstanding
receivable balances for the period ending June 30, 2000 of $430,097,000. During
the quarter ended June 30, 2000 the daily maximum balance relating to the
purchase of accounts receivable from Reliant Energy HL&P was $502,045,399.
6. Credit hereby certifies it was in compliance with the terms of the
temporary relief as defined in the order issued on March 11, 1997 as shown in
Exhibit 3 attached hereto.
7. Credit hereby files as Exhibit 7 attached hereto the calculation, by
month, of the CPL finder fee attributable to the factoring of Reliant Energy
HL&P receivables by Credit.
8. Credit hereby files as Exhibit 8 attached hereto a copy of any state
regulatory commission decision or analysis addressing the effect of the
factoring of CSW System accounts receivable rates which was issued during the
period April 1, 2000 through June 30, 2000.
9. Credit hereby files as Exhibit 9 attached hereto a copy of the
audited annual financial statements for the year ended December 31, 1999.
10. Credit hereby files as Exhibit 10 attached hereto a copy of the
accounting system procedures and chart of accounts of Credit as maintained by
Central and South West Services, Inc.
11. Said transactions have been carried out in accordance with the
terms and conditions of, and for the purpose represented in, the Form U-1
Application-Declaration of Central and South West Corporation (CSW) and Credit,
in File No. 70-7218, and in accordance with the terms and conditions of the
Commission's orders dated July 31, 1986, May 8, 1988, December 27, 1989, August
30, 1990, December 21, 1990, December 24, 1991, December 9, 1992, December 21,
1993, December 16, 1994, and March 11, 1997, permitting said
Application-Declaration to become effective, and the Form U-1
Application-Declaration of CSW, Central Power and Light Company and Credit, in
File No. 70-8037, and in accordance with the terms and conditions of the
Commission's orders dated December 8, 1992 and December 29, 1992, permitting
said Application-Declaration to become effective. By order dated June 14, 2000
in File No. 70-9381, the acquisition of CSW by American Electric Power Company,
Inc. (AEP) was approved and the factoring authority given to Credit was extended
to all AEP system operating companies.
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S I G N A T U R E
As requested by order of the Securities and Exchange Commission
pursuant to the Public Utility Holding Company Act of 1935, Central and South
West Corporation has duly caused this report to be signed on the 14th day of
August, 2000.
Central and South West Corporation
/s/ A. A. Pena_______
A. A. Pena
Treasurer
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EXHIBIT INDEX
Exhibit Transmission
Number Exhibit Method
------- ------- ----------
1 Unaudited balance sheet as of June 30, 2000, Electronic
unaudited statements of income for the three and
twelve month periods ended June 30, 2000, and
unaudited notes to the financial statements.
2 Earnings coverage for the period from April 1,
2000 through June 30, 2000 and Electronic
capital structure at June 30, 2000.
3 Twelve month average as of the end of Electronic
each month of outstanding accounts receivable
of affiliated and non-affiliated companies,
twelve month average as of the end
of each month of accounts receivable
purchases from non-affiliated companies,
and bad debt write-offs related to
non-affiliated companies during the
period April 1, 2000
through June 30, 2000.
4 Discount calculation for affiliated Electronic
companies for the
three months ended June 30, 2000.
5 Analysis of the allowed returns on common Electronic
equity for affiliated companies at June 30, 2000.
6 Factoring expense savings for the Electronic
affiliated companies for the three months ended June 30, 2000.
7 Calculation, by month, of CPL finder Electronic
fee attributable to factoring of Reliant
Energy HL&P receivables during the period April 1,
2000 through June 30, 2000.
8 Copy of any state regulatory commissio
decision or Electronic
analysis addressing the effect of the factoring of
CSW System accounts receivable rates issued during the
period April 1, 2000 through June 30, 2000.
9 Copy of audited annual financial statements Electronic
for the year ended December 31, 1999.
10 Copy of the accounting system procedures Electronic
and chart of accounts of Credit as maintained
by Central and South West Services, Inc.
